25. Earnings per share

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Basic earnings per share are calculated based on the weighted average number of ordinary shares outstanding
during the year after adjustment for share split, see note 24. Basic and diluted earnings per share are the same, as there is no effect of dilution.

2011 2010
Weighted average number of ordinary shares in issue 124,032,396 124,187,182
Profit for the year attributable to ordinary shareholders of the parent, RUB million 19,935 10,578
Basic and diluted earnings per share, RUB 161 85


Notes to the Consolidated Financial Statements

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